I don't want to get my hopes up too much as it might all change tomorrow morning, however this is looking better from a number of perspectives than it has in a while:
1. Moderate volume (270k shares);
2. Buys outnumber sellers from both volume and average size (33 buyers for 728k shares v 35 sellers for 564k);
3. Buyers actually willing to pay up today, and not scared to take out moderate volume sellers (especially to get through 57 cents);
4. Buying depth built up close to market price - rather than needing a 3 or so cent drop to find any volume;
5. Closed above 60 cents.
Hopefully it adds another cent or two (or 10) tomorrow and buying support continues to arrive.
MJS
I don't want to get my hopes up too much as it might all change...
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